Through quantifiable reporting of industry’s water footprint and disclosure of material risks and water management plans, mining and metals companies are better able to meet the information needs of different stakeholders, including company and external decision makers.
- Globally, there is a clear call for greater transparency and disclosure on water use and management. This is especially true for the mining and metals industry, considering its high water dependency and potential to impact water resources. Investors, regulators and civil society are seeking greater insights into mining companies' water management practices and risk exposure.
- ICMM has developed guidance and a minimum disclosure standard to support the industry in making consistent, transparent and material water reports; based on key elements of existing disclosure and accounting systems.
- The guide aims to support the implementation of ICMM’s position statement on water stewardship which commits ICMM member companies to publicly report company water performance, material risks, opportunities and management responses using consistent industry metrics and recognised approaches.
- This guide is focussed on:
- Defining an appropriate set of standardised water reporting metrics for the mining and metals industry.
- Outlining the minimum disclosure standard for member companies which sets a transparent benchmark for the industry.
- Providing practical guidance around preparing corporate water summaries and meeting the minimum disclosure standard.